Strike culture, 35-hour straitjacket, insane taxation, Kafkaesque administration, filthy impermeability to innovations… Anglo-Saxons generally have a cowardly, unsubtle pen to evoke the charms of the French economy.
Contrary to these diatribes, Paul Krugman, Nobel Prize in Economics 2008, dedicated his last
New York Times
editorial to weaving laurels in Paris, which has become the
“star performer”,
the star, of the pandemic.
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Growth: 2021 will remain a good year in France
Everything in France now seems to amaze the famous neo-Keynesian economist, from the universal childcare system to the effectiveness of vaccination via the short-time working scheme…
“Admittedly, GDP per capita is around a quarter lower in France than in the United States”,
he concedes, but this discrepancy is explained not by structural difficulties but essentially by the choice, very respectable, of the French to take vacations!, pleads Krugman.
Well beyond this enthusiastic editorial, the dynamism of the recovery…
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